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Cloud Data Quality Radar Market to Garner Maximum Revenues by 2026

May 15th 2019 at 11:05 AM

Cloud data quality radar is a cloud management application that monitors, identifies, and fixes data quality related issues in cloud-based or on-premise business applications. The application supports organizations to recognize data quality related problems in their business applications and assure confidence in data. Cloud data quality radar automatically fixes impactful data quality problems, while decreasing dependency on IT for data quality-related activities. It simplifies system administration and maintenance by using a sole data quality tool across various departments and applications in a hybrid environment. Cloud data quality radar also ensures continuous monitoring of data quality across source systems.

Companies are striving to increase revenue from new as well as existing customers; however, they lack in reliable data to work toward achieving this. Information about customers is mostly inadequate and inconsistent across business applications. Marketing and sales personnel spend enormous amount of time analyzing such data. This leads to wastage of company resources, resulting in missed opportunities and disappointed customers. Cloud data quality radar empowers marketing and sales personnel to resolve data quality problems themselves and equips them with right information in just one click, thereby maximizing customer engagement. It improves return on marketing expenses with improved segmentation and lead routing.

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The global cloud data quality radar market can be segmented on the basis of enterprise size, industry, and geography. Based on enterprise size, the cloud data quality radar market can be classified into small & medium scale enterprises (SMEs) and large scale enterprises. This article considers enterprises having less than 500 employees as SMEs, while those with more than 500 employees as large scale enterprises. The SMEs segment is anticipated to dominate the cloud data quality radar market during the forecast period. In terms of industry, the global cloud data quality radar market can be segmented into banking financial services and insurance (BFSI), IT & telecommunications, retail & e-commerce, manufacturing, and energy & utilities. The banking, financial services and insurance (BFSI) sector is expected to lead the global cloud data quality radar market during the forecast period as implementation of cloud data quality radar helps to improve data quality and clear out possible susceptibilities by providing a long-term solution to financial companies. In addition, cloud data quality radar provides thorough understanding of the BFSI sector and proficiency to not only deal with the present risks, but also to plan comprehensive quality assurance strategies.

Based on geography, the global cloud data quality radar market can be segmented into North America, South America, Asia Pacific, Europe, and Middle East & Africa. The cloud data quality radar market in North America is anticipated to grow substantially during the forecast period due to technological advancements in the region. Asia Pacific is projected to be a lucrative cloud data quality radar market during the forecast period as the data maintenance procedures in the region have been continuously improving to produce products that meet specific requirements. Businesses in this region are progressively investing in cloud data quality radar, so that the clients are provided with right quality data. The countries covered in different regions are North America (Canada, the U.S. and Rest of North America), Europe (the U.K., Germany, France, and Rest of Europe), Asia Pacific (India, Japan, Australia, China, and Rest of Asia Pacific countries), Middle East & Africa (South Africa, GCC countries, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America).

Key players operating in the global cloud data quality radar market are focused on offering customized solutions, such as, implementation of different technologies and upgrade of existing systems. Companies compete on parameters such as product quality and pricing, as well as consultancy and after-sales services. Key players operating in the global cloud data quality radar market include Pacific Data Integrators, Informatica, and Advanced Radar Company.

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